INGOT Brokers AU | European market report (2017-08-17)

European market report (2017-08-17)

European equities ended Thursday's session in negative territories after close higher for three sessions in a row; Equities market was pressured from political uncertainty stemming from the United States and the possible terrorist attack in Spain. Equity prices fell despite geopolitical tensions in the North Korean Peninsula eased.

The United States Republican president Donald Trump has been the center of controversy after his response to the violence in Charlottesville over the weekend, many of the Chief executives disapproved to his response and some even quit Donald trumps business advisory councils, as a results the president retaliated by disbanding both his high profile business advisory councils on Wednesday.

Elsewhere in Spain, a dozen people were injured, and two were reportedly killed in a Van crash in the Centre of Barcelona, some reported suggest that the crash could be a terrorist attack.

Looking at Specific stock in the United Kingdom, Kingfisher’s dropped by 4 percent after the firm a decline in quarterly sales on Thursday amid weakening demand from France and slowdown in its B&Q business; these results will negative influence home improvement retailers restructuring plans. On the other, Admiral Group a British motor and home insurer announced a 1 percent increase in profit before tax for the initial six months of the year. Be that as it may, the firm also said that higher cost from the rise in British governments personal injury rate weighed on growth. The Insurer’s shares fell by nearly 6 percent on the news.

Meanwhile, Brexit talks are the main headline in Europe after the English government said that it prefers not have border post between the Northern Ireland and the Republic of Ireland, and according to a new position paper on Brexit the EU also share the views on the matter.

Regarding economic news, exporter confidence has slowed down in the UK as a result of a shortage in skilled labor post-Brexit and the recent fluctuation in the cable as per the British Chambers of Commerce.





FTSE 100

Equities in the FTSE 100 fell during Thursday’s trading session pressured by losses across several sectors especially in the Financials, Consumer non-Cyclicals, and Consumer Cyclicals sectors, where the FTSE 100 settled lower at 7,387.87 losing 0.61 percent.

The session’s losers significantly outnumbered the gainers with 75 losers and 25 gainers and 1 flat share.

The best performers of the session on the FTSE 100 were Fresnillo PLC the rose by 3.85 percent, while Johnson Matthey PLC advanced by 2.32 percent and Randgold Resources Ltd gaining 1.79 percent.

The worst performers of the session on the FTSE 100 were, Kingfisher PLC that tumbled by 4.01 percent, followed by Standard Chartered PLC which lost 2.72 percent and Admiral Group PLC shed 2.30 percent.


DAX 30

Equities in the German benchmark ended Thursday session lower after losses incurred in the Financials, Industrials, and Technology sectors pulled prices lower in which the index lost 60.40 points settling lower at 12,203.46.

The session’s losers outnumbered the gainers with 20 losers and 5 gainers and 1 flat share.

The best performers of the session on the DAX 30 were, RWE AG that rose by 1.09 percent, meanwhile Fresenius Medical Care AG & Co KGaA added 1.01 percents and Linde AG gained 0.45 percent.

The worst performers of the session on the DAX 30 were, Deutsche Bank AG that tumbled by 3.22 percent, while Commerzbank AG  lost 2.86 percent, and Heidelbergcement AG   settled lower by 1.43 percent.



CAC 40

CAC 40 ended the session in the red to trade at 5,146.85 losing 0.57 percent as losses in the Financials, Technology, and Basic materials sectors weighed on prices.

The session’s losers significantly outnumbered the gainers with 34 losers and 6 losers and 0 flat shares.

The best performers of the session on the CAC 40 were; Veolia Environnement SA that rose by 1.00 percent, followed by Engie SA whom added 0.85 percent and Kering SA advanced by 0.83 percent.

The worst performers of the session on the CAC 40 were, Societe Generale SA that dropped 2.32 percent, trailed by Credit Agricole SA that declined by 1.97 percent, while ArcelorMittal SA  fell by 1.84 percent.


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The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.